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Click ‘Get Form’ to open the ILLINOIS CROP-SHARE CASH FARM LEASE in the editor.
Begin by entering the date and names of both parties involved—the Lessor (Landowner) and Lessee (Tenant). Ensure that all addresses are accurately filled in.
In the 'Description of land' section, specify the location and details of the property being leased. This includes county, state, and a brief description of the farm.
Fill out the 'Length of tenure' section by indicating the start and end dates of the lease term. Specify any conditions for extension or termination as needed.
Proceed to Section 1, where you will detail crop shares and cash rent stipulations. Clearly indicate each crop type along with respective shares for both parties.
Continue through Sections 2 to 6, ensuring all responsibilities, agreements, and amendments are documented clearly. Use our platform's features to add notes or comments as necessary.
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The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020.
How much does farm land lease for?
At $160 per acre, the average rate to rent cropland in the United States in 2024 was $5 higher than in 2023. The average rate per acre for irrigated cropland was $245 (up from $237 in 2023) and non-irrigated cropland was $146 (up from $142 in 2023).
Is leasing farmland profitable?
Leasing farmland to a tenant can be a lucrative venture for landowners, offering a steady stream of income without the need for active involvement in farming operations. One of the key advantages of leasing farmland is the financial stability it provides.
What is farmland worth per acre in Illinois?
ing to the USDA-National Agricultural Statistics Services (USDA-NASS) survey released in February 2023, Illinoiss farm real estate value experienced a 4.5% increase, averaging $9,300 per acrean annual growth of $400.50/acre.
What is a 1 3 2 3 crop share?
Cash-rent tenants means a producer who rents land from another producer or landowner for a fixed cash amount or fix quantity of crop or crop proceeds.
What are common mistakes to avoid in farm lease agreements?
Farm Land Lease Contracts Common mistakes to avoid when creating a lease contract include vague or incomplete language, failure to address potential disputes, and overlooking important details such as payment schedules and renewals.
Related links
Illinois Crop-Share Cash Farm Lease
Illinois Crop-Share Cash Farm Lease. To use this lease form: Complete two identical copies one for the Lessor (Landowner) and one for the Lessee (Tenant).
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